Got Swayed By A New Car Television Ad? Here’s Why You Should Think About Other Option

by Miracle Mile Motors Let Miracle Mile Motors show you how easy it is to

A new, slick car has grabbed your attention. The last night television ad has now drawn you into a dealership to take a glance at that glimmering new car. But, is the new car right for you? Definitely, it is because it has all the whistles and bells, plus lucrative financing option, but is that all? Can you afford to look at other more lucrative options? How about a robust used car! We can give you hundreds of reasons why you should buy a preowned car over a new car. Purchasing a used car will not only save you money, but also give you the same gratification as the new vehicle, plus reliable transportation for years to come.

Purchasing a used car saves your hard-earned dollars

On average, a used car costs almost 50% lesser than what a new one costs. This will make your payments quite easier and faster in time while saving you a massive financing fee. Customers tend to switch their rides at an average of five to seven years and if you spent $10,000 on a used car instead of $20,000 on a new ride, you could choose a better and more upgraded car for your next purchase or opt for another vehicle, say a Truck or SUV for another $10,000, making your very own collection of rides.

Heavy depreciation has already taken place

But not for you, for your seller. Customers often complain about how rapidly the value of a new car depreciates – as soon as they drive it off the dealership land. The value of a new ride drops 11% as you drive it home from the dealer’s showroom, meaning your $20,000 car is now worth $17,800 by the time it reaches your garage. The depreciation continues as weeks, months and years pass by. With a used ride, the heavy depreciation has already taken place. In fact, there are certain cars that might even gain value over time.

No exorbitant fees

A new car deal might look attractive, but many new cars come with crazy/hidden fees such as destination fees, shipping fees, dealer preparation and so on. A few new cars even include hidden ad fees which can be as high as $2,000. A used car typically doesn’t come with any kind of hidden fees, however, you might still be charged a ‘doc fee’ that can be just a few hundred dollars.

Reduced customization costs

You won’t have to agree to exorbitant dealership add-ons or flavor enhancers when purchasing a preowned car. You can choose to install on your own and as per your needs plus budget later. Isn’t it a lucrative way to spend the money you have saved buying a preowned car?

Certified and comprehensively inspected

Certified preowned cars ensure that the buyers get a quality and inclusively inspected car. Certified preowned cars are refurbished, inspected and certified either by the manufacturer or any other certifying authority. Certified used cars typically have extended warranty including other benefits such as special financing. New rides only hold the assurance that they are fresh out of the oven.

Warranties

Some preowned cars still carry a part of their original warranty. Others might hold the option of making a brand new warranty. An extended warranty by the original manufacturer on a preowned car can get you industry trained mechanics to repair your vehicle with industry best parts and speedy service. Also, you can use a percentage of your savings (from not considering buying a new car) to get a warranty that will cover everything for you until 1000,000 miles and so.

Lower insurance premiums

If you get into an accident with your new car, the insurance will take care of everything, but that that will leave an enormous gap between what the car is worth now and the purchase price. This is exactly where gap insurance makes its entry. Gap insurance is meant to cover the difference between what the car’s depreciated value is and what you paid for the new car. A used car will never require gap insurance as the depreciation had already taken place.

Miracle Mile Motors – a decades experienced Lincoln preowned car dealer – recommends you to buy a preowned car this Spring, because it’s accommodating both financially and quality-wise.